Ann: Atlantic Secures Major New Funding Facility , page-5

re: Ann: Atlantic Secures Major New Funding F... Guys like Selim do not get it right 100% of the time.

60% of the time they get it right and make money;
20% of the time they almost get it right, sell their investment and breakeven or lose a bit;
20% of the time they get it horribly wrong, lose money, and get a tax deduction.

they tend to have egos and not really understand what they're buying into, and are easily convinced by chairmen who promise lots (think of noble and his various investments with stirling resources, and then decometal and stirling). at the moment droxford seem to be loaning ATI increasing amounts to cover interest raised by their own convertible notes at ever increasing interest rates which is non-sustainable. its comparable with how loan shark operates, plain and simple.

expect one day for droxford to own most of ATI through dilution and then wonder what they've bought into... its all ego, and not much common sense.

this isn't "clever money" that should be relied on as rock-solid investment advice worth following. its a punt. the advice to be following is timely ASX announcements about vanadium production, sales, and iron ore shipments, but there's none coming from ATI at the moment.